New Listing

Listing Tools

ATTENTION INVESTORS: CASH COW!!! CASHFLOW FROM DAY 1 WITH SECTION 8 TENANT ALREADY IN PLACE! No need to wait 6 months to get it renovated and rented generating 100% rent from Uncle Sam. TURNKEY LISTING WITH TENANT IN PLACE! HUGEE RENTS! $1,954 per month - $23,448 annually!! Practically prints money! MASSIVE DSCR RATIO! Do the math!! Large 5-bedroom, 2-bath Cleveland rental currently generating The housing authority (CMHA) currently pays 100% of the rent, with a $0 tenant portion, providing reliable government-paid monthly income with minimal collection risk. TLocated in Cleveland's 44120 rental corridor near Shaker Heights, Shaker Square, Buckeye-Shaker, Larchmere, University Circle, major hospitals, public transit, and downtown routes. The location benefits from stronger voucher rents associated with the surrounding Shaker-area market, while the owner still receives the advantage of lower Cleveland property taxes and no Heights POS escrow requirements. Major capital improvements have already been completed, including a complete remodel with fresh interior and exterior paint, a partial roof replacement, a new A/C unit, newer dual pane vinyl windows (no more lead based paint window probs!) LEAD BASED PAINT INSPECTED AND CERTIFIED! This is an income-producing property with much of the major upfront work already handled. Remodel, tenant placement process, and large capex expenses! BONUS! Top tier Luke Park and community center is just around the corner, offering nearly professional fields, basketball and tennis courts, a gym, classes, skating, boxing, swimming pools, and other amenities that help support strong tenant demand. Any staged photos are computer-generated and can be shared with buyer upon a successful sell for later use. Brand new stainless steel refrigerator and range included. Property is sold unfurnished. Government pays 100% of monthly rent!

Property Details of 3280 E 121st Street

Property Details

Interior Features

Exterior Features

Utilities and Appliances

Community

Other Details

Map Location

Listed by Team Results Realty

Based on information submitted to MLS Now as of September 3, 2026 8:00 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. Listing information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

I agree to receive marketing and customer service calls and text messages from Ken Mills. To opt out, you can reply 'stop' at any time or click the unsubscribe link in the emails. Consent is not a condition of purchase. Msg/data rates may apply. Msg frequency varies. Privacy Policy.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hi there! How can we help you?

Contact us using the form below or give us a call.

Send Us A Message:

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

$

Do not fill in this field:

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.